Starting a company is tough, but growing it into a mature and stable business can be even trickier. Luckily, business accelerators help entrepreneurs with this often-challenging phase of a company’s life. But you shouldn’t simply dive into the world of accelerators without first doing research and finding out what’s right for your business. Here’s what industry experts say you should be looking out for:
Make sure the accelerator provides real results.
David Cohen, Founder and CEO, TechStars
“Founders should keep in mind that more than half of accelerators have never gotten a single company funded, nor had any companies exit successfully. There is some diligence to be done by talking to past founders of the program and looking at overall results. Hopefully, you will see more accelerators providing detailed statistics and data on every single company, like we do on our website. I think founders deserve to know this, and it’s easy enough for accelerators to provide.”
